Precision ADM receives funding boost from private US investors

News
September 14, 2019

September 14, 2019

Precision ADM receives funding boost from private US investor
A hip prosthetic manufactured by Precision ADM (Courtesy Precision ADM, Inc.)

Precision ADM, Inc., Winnipeg, Manitoba, Canada, a global engineering and metal Additive Manufacturing solutions provider, reports that it has received a strategic US private investment from Andy Christensen and Joe Allison. The investment is expected to help further the company’s growth strategy in the medical device and aerospace sectors, including securing additional manufacturing capacity, quality systems, and material selection for serial production.

Andy Christensen is Founder and President of Medical Modeling Inc., which was acquired by 3D Systems in 2014. “It’s a pleasure to be aligned with Precision ADM, their great team and vision for Additive Manufacturing,” he stated. “Additive metals in the orthopaedic, spine and craniomaxillofacial space is in a high growth phase with ample opportunity in serial and patient-matched implants.”

Joe Allison co-founded Solid Concepts in 1991. The company was acquired by Stratasys in 2014, then merged with Harvest Technologies and RedEye to create Stratasys Direct Manufacturing, where Allison most recently served as CEO. “Precision ADM is well-positioned to aggressively expand 3D printing into new medical and aerospace applications,” he stated. “The executive team has the vision, experience and passion to make a material difference in this industry.”

Martin Petrak, Chief Executive Officer of Precision ADM, commented, “I am very grateful to Andy and Joe for their investment and their confidence in Precision ADM as they are both true Additive Manufacturing Pioneers in the medical and aerospace industries over the last twenty-five years. Our customers have already come to expect the highest quality and greatest service from us, and I believe this investment will truly enhance their Additive Manufacturing experience.”

www.precisionadm.com 

News
September 14, 2019

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Aluminium Additive Manufacturing: How a new generation of alloys will fuel industry growth
  • Shaping a national Additive Manufacturing ecosystem: The strategic growth of metal AM in Türkiye
  • How metal Additive Manufacturing is transforming modern hydraulic systems
  • High-performance product development in the era of computational design: a case study with nTop and NASA
  • The Additive Manufacturing of record-breaking pure copper heatsinks for high-performance computing applications
  • The Additive Manufacturing of tool steels: how non-linear modelling enables precise hardness control

Join 40,000+ other AM professionals – follow us online

Don’t miss a thing – register for our newsletter

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Register now

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
Find suppliers

About Metal Additive Manufacturing magazine

Metal AM magazine, published quarterly in digital and print formats, is read by a rapidly expanding international audience.

Our audience includes component manufacturers, end-users, materials and equipment suppliers, analysts, researchers and more.

In addition to providing extensive industry news coverage, Metal AM magazine is known for exclusive, in-depth articles and technical reports.

Our focus is the entire metal AM process from design to application.

Each issue is available as an easy-to-navigate digital edition and a high-quality print publication.

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Share via
Copy link
Powered by Social Snap